"Gold (XAUUSD) Technical Outlook : Bullish Trends Ahead"**
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The technical outlook for XAUUSD (Gold) remains bullish, suggesting a strong potential for upward movement. Recent price action shows a significant rejection at the close on Friday, indicating buying interest as the price attempts to rise again. Traders should look for a correction before entering long positions, as this would offer a better entry point.
Key support levels to monitor include the 2623-2630 range, which could serve as a risky support area for potential bounce-back opportunities. Waiting for a pullback may be prudent for investors looking to capitalize on the anticipated bullish trend.
Conclusion : With a bullish outlook and crucial support levels in play, now may be an ideal time for traders to prepare for potential long positions in Gold as corrections unfold.